Latest GDP report for December quarter is out. Key quote for HLG:
On an annual basis, retail was up by 2.5 percent
Printable View
Latest GDP report for December quarter is out. Key quote for HLG:
On an annual basis, retail was up by 2.5 percent
LaserEyeKiwi , it doesn't really matter what GDP data said - HLG have reported double digit sales growth over that period
Pretty good when GDP declined 2.9 percent over the year to December 2020, the largest annual fall ever in GDP for New Zealand.
World in turmoil, NZ in recession, OZ not any better .... and GDP down a record amount ....but HLG just keeps pumping
Don't forget - markets are forward looking. While HLG might have had amazing growth rates looking back, who will maintain these outstanding growth rates in the future if their customers have in future less money in their pockets (this is what a falling GDP means)?
deleted the usual duplicate thanks to dismal server performance ...
I think you're making FAR too much of a meal of a very modest decline in Dec quarter GDP after a whopping thirteen percent increase the previous quarter.
All the retailers, Briscoes, Michael Hill, Warehouse and Hallensteins have reported very strong sales in recent stock exchange news releases that encompass the December 2020 quarter and HLG have an excellent multi year track record of strong growth with Glassons Australia. 40 years experience as an accountant tells me the best guide to the future is the recent past.
Disc: I backed up the truck on WHS this week and already have a boatload of HLG so I am putting my money where my mouth is believe me !